Regulated

Score

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/10

WunderTrading

Estonia

|

2-5 years

Digital Currency License|

Estonia Digital Currency License Revoked|

Medium potential risk

https://wunderbit.co/en

Website

Rating Index
Influence

Influence

A

Influence Index NO.1

Russia 7.89

Better than 98.53% exchange(s)

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Influence
A

Licenses

MTR

MTRRegulated

Digital Currency License

MTR

MTRRevoked

Digital Currency License

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Company Name
WunderTrading
Phone of the company
--
Customer Service Email Address
--

WikiBit Risk Alerts

1
Previous Detection 2024-06-13

EstoniaMTR (license number: FVR000332) The regulatory status is abnormal, the official regulatory status is Revoked, please be aware of the risk!

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User Reviews

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2 ratings

Participate in evaluation
Grachi3727
One of the first things that set this platform apart from a lot of the others is the fact that you can register as a trader or an investor. Registering as a trader will allow you to trade and have investors commission you to manage their investments.
2023-12-23 06:00
8
Andy5848
The app interface is intuitive, making trading operations a breeze. I'm impressed by the speed of transactions and the excellent quality of service. Thanks to WunderTrading, my cryptocurrency trading has become much more efficient. I highly recommend it to anyone looking for a reliable partner for successful trading!
2024-04-14 20:09
8
Aspect Information
Company Name WunderTrading
Registered Country/Area United States
Founded Year 2015
Regulatory Authority MRT
Available Cryptocurrencies Over 100 types
Payment Methods Credit/debit card, bank transfer, cryptocurrency
Customer Support twitter, email, phone

Overview of WunderTrading

WunderTrading is a virtual currency exchange platform that was founded in 2015. Based in the United States, the company is regulated by the Financial Crimes Enforcement Network (FinCEN). With over 100 cryptocurrencies available for trading, WunderTrading offers a wide range of options for users. The fees charged by WunderTrading vary depending on the transaction type and the account level. Customers can make payments using credit/debit cards, bank transfers, or other cryptocurrencies. WunderTrading provides customer support around the clock through live chat, email, and phone.

Overview

What's WunderTrading?

WunderTrading is a trading platform aiming to revolutionize the financial landscape. it offers a broad array of assets, ranging from widely recognized cryptocurrencies to emerging digital coins. With wunderTrading, users are presented with an interface that prioritizes both accessibility and advanced features, making it suitable for novices and experts alike.

One distinguishing feature of wunderTrading is its artificial trading robot,which assists traders in making informed decisions.It has many types , making trading fast and convenient.

Pros and cons:

Pros:

- Wide range of cryptocurrencies available: WunderTrading offers users the option to choose from over 100 different cryptocurrencies for trading. This provides a diverse selection and allows users to explore various investment opportunities.

-Reasonable exchange fees:WunderTrading charges exchange fees and commissions are reasonable and completely transparent. It offers a good bitcoin exchangerates for crypto trading beginners

- Multiple payment methods accepted: WunderTrading accepts various payment methods, including credit/debit cards, bank transfers, and other cryptocurrencies. This allows users to choose the most convenient and preferred way to fund their accounts and facilitate transactions.

- Rich educational resources: WunderTrading boasts an extensive array of educational resources, especially tools and articles,empowering both novice and seasoned traders to enhance their market knowledge and strategies.

Cons:

-Security Concerns:WunderTrading's direct trading system, bypassing traditional account setups, will concern those who value additional layers of security and verification in their trading platforms.

- No mobile app available: WunderTrading currently does not offer a mobile application for users to access the platform on their smartphones or tablets. This may limit the convenience and accessibility for users who prefer to trade on the go.

- Limited customer support options: While WunderTrading provides customer support through live chat, email, and phone, the available options may be limited. Users who prefer alternative support channels, such as social media or a dedicated support forum, may find the options provided by WunderTrading to be insufficient.

-Customer support is not available in all languages: WunderTrading's customer support is limited to speakers of many languages.

Pros Cons
Wide range of cryptocurrencies for trading Security Concerns
Reasonable exchange fees No mobile app available
Multiple payment methods accepted Limited customer support options
Rich educational resources Customer support not be available in all languages

Regulatory Authority

Wunderbit OÜ, the company behind WunderTrading, was registered with the MajandusTegevuse Register (MTR). It was regulated under the Regulation Number FVT000433 and held a Digital Currency License. As of now, the regulatory status of WunderTrading is described as “Regulated”.

Regulatory Authority

Additionally, another registration entry indicates that the company's license under FVR000332 has been revoked. The license type for both registrations is a Digital Currency License, issued by the regulatory agency MajandusTegevuse Register.

Regulatory Authority

Security

WunderTrading prioritizes the security of its platform and users' assets by implementing various protection measures. These measures include secure socket layer (SSL) encryption technology, which helps safeguard sensitive data during transmission and storage. WunderTrading also utilizes two-factor authentication (2FA) to provide an extra layer of security for user accounts. Additionally, the platform follows industry best practices for account security, such as password hashing and storing user information in encrypted databases. These security measures aim to protect user information and funds from unauthorized access or potential breaches.

Cryptocurrencies Available

WunderTrading offers users a wide range of cryptocurrencies for trading. With over 100 different cryptocurrencies available,including BTC,ETH,LTE and many other poplular cryptocurrencies,users have the opportunity to explore various investment options and potentially diversify their portfolios. In addition to cryptocurrency trading, WunderTrading also provides other products and services.

Cryptocurrencies Available

How to open an account?

WunderTrading allows direct trading using credit or debit cards and cryptocurrencies, eliminating the need for traditional account registration.And users can follow these steps to buy cryptocurrencies.

1.Choose the cryptothey like to exchange in the website

2.Select the cryptocurrency pair they'd like to exchange. Then, enter the address of the crypto wallet that the new cryptocurrency will be sent to.

3.Verify the personal identity.Fill out the personal information and verifyyour personalidentity.

4.Receive the crypto.The exchanged cryptocurrency will arrive in crypto wallet within a few minutes.

open an account

Fees

The platform offers two kinds of fees, trading fees, and membership fees for the user account.

Trading fee

The trading fees are low, thus inspire the users to trade without paying a high amount to the platform.

Trading Fees WunderTrading Platfrom Bank Transfer
1% free

Membership fee

Membership fee $0 ~$45

Deposit &Withdrawal Methods

Depositing funds to WunderTrading can be achieved through credit cards (MASTERCARD & VISA). Other payment methods are Skrill or SEPA bank transfers.

Withdrawal fee

Product Bitcoin
Withdrawal fee 0.0005 BT

Users can view other withdrawal fees on WunderTrading's website.

WunderTrading provides educational resources and tools to help users expand their knowledge and skills in cryptocurrency trading. These resources include guides, tutorials, articles, and market insights that cover various topics related to trading strategies, technical analysis, and market trends. Additionally, WunderTrading offers trading tools and indicators that can assist users in analyzing market data and making informed trading decisions.

Customer Support

WunderTrading is committed to providing responsive customer support for its users. Should you need assistance, you can reach out to them directly at their phone number, +372 712 1558. Additionally, they maintain an active online presence, with official websites available both in English (https://wunderbit.co/en) and Russian (https://wunderbit.co/ru). For those who prefer social media interactions, WunderTrading can be found on Twitter (https://twitter.com/Wunder_bit/) and Facebook (https://facebook.com/wunderbit.co/). For email communications, users can direct their queries to info@wunderbit.co.

Customer Support

Is WunderTrading a Good Exchange for You?

Based on the features and offerings of WunderTrading, there are several target groups that may find the platform suitable for their trading needs.

1. Experienced Traders: WunderTrading provides a wide range of cryptocurrencies for trading, offering experienced traders the opportunity to explore various investment options and potentially diversify their portfolios. The platform also supports advanced trading features, such as advanced charting tools and indicators, which can assist experienced traders in conducting technical analysis and making informed trading decisions.

2. Cryptocurrency Enthusiasts: For individuals who are enthusiastic about cryptocurrencies and want to explore the world of virtual currency trading, WunderTrading can be a suitable choice. With its user-friendly interface and wide range of available cryptocurrencies, the platform provides a convenient and accessible way for cryptocurrency enthusiasts to enter the trading market and engage in their desired trading activities.

3. Investors Looking for Portfolio Diversification: WunderTrading's selection of over 100 cryptocurrencies allows investors to diversify their portfolios beyond traditional assets. This can be appealing to those who are seeking opportunities in the cryptocurrency market and want to potentially benefit from the high volatility and potential returns offered by these digital assets.

4. Security-Conscious Traders: With its implementation of security measures such as SSL encryption, two-factor authentication, and industry best practices for account security, WunderTrading aims to prioritize the security of its platform and users' assets. This can be particularly appealing to traders who prioritize the safety and protection of their funds and personal information.

5. Traders Looking for Multiple Payment Options: WunderTrading accepts various payment methods, including credit/debit cards, bank transfers, and other cryptocurrencies. This flexibility in payment options can cater to traders who prefer specific payment methods or have preferences based on their geographic location or accessibility to different payment providers.

Conclusion

In conclusion, WunderTrading offers a range of advantages and disadvantages for traders. On the positive side, the platform provides a wide selection of over 100 cryptocurrencies, regulated by theMajandusTegevuse Register (MTR), and allows for multiple payment methods. However, users should be aware the lack of a mobile app, and limited customer support options. Despite these disadvantages, WunderTrading aims to prioritize security measures, providing SSL encryption and two-factor authentication to protect user assets. Traders should consider their individual needs and preferences before choosing WunderTrading as their virtual currency exchange platform.

FAQs

Q: What cryptocurrencies are available for trading on WunderTrading?

A: WunderTrading offers a wide range of over 100 cryptocurrencies for trading, providing users with diverse investment opportunities.

Q: What payment methods does WunderTrading accept?

A: WunderTrading accepts various payment methods, including credit/debit cards, bank transfers, and other cryptocurrencies, allowing users to choose their preferred method for funding their accounts and conducting transactions.

Q: Does WunderTrading have a mobile app?

A: No, currently WunderTrading does not offer a mobile application. Traders who prefer to trade on the go may find this lack of a mobile app inconvenient.

Q: How secure is WunderTrading?

A: WunderTrading prioritizes security by implementing measures such as SSL encryption and two-factor authentication. These measures aim to protect user information and funds from unauthorized access.

Q: Can I find educational resources and tools on WunderTrading?

A: Yes, WunderTrading provides educational resources and tools to help users enhance their cryptocurrency trading knowledge and skills. These resources may include guides, tutorials, articles, and market insights.

Users Review

User 1: I've been using WunderTrading for a few months now, and I have to say, I'm impressed with their security measures. They prioritize the safety of user assets by implementing SSL encryption and two-factor authentication. It gives me peace of mind knowing that my information and funds are protected. The platform also offers a wide range of cryptocurrencies for trading, which is a huge plus for me as I like to explore different investment options. The customer support is decent, although I wish they had more support channels available.

User 2: I recently started trading on WunderTrading, and so far, I have mixed feelings about the platform. On the positive side, they are regulated by FinCEN, which adds a level of trust and credibility. However, I find their interface a bit cluttered and not very user-friendly. It takes some time to navigate and get used to it. In terms of liquidity, I have faced some issues with certain cryptocurrencies, where the liquidity was low, making it difficult to execute trades quickly. The trading fees are reasonable, but I wish there was more transparency regarding the fee structure. Overall, I think WunderTrading has potential, but there are areas for improvement.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.